Refer to the Following Trial Balance How Much Is the Gross Profit?
A) $79,000
B) $160,000

question 180

Multiple Choice

Refer to the following trial balance. $$\begin{array} { | l | r | r | } \hline & { \text { Debit } } & { \text { Credit } } \\\hline \text { Cash } & \$ 6,000 & \\\hline \text { Accounts Receivable } & 12,000 & \\\hline \text { Inventory } & 17,000 & \\\hline \text { Supplies } & 4,000 & \\\hline \text { Land } & 100,000 & \\\hline \text { Accounts Payable } & & \$ 5,000 \\\hline \text { Notes Payable } & & 25,000 \\\hline \text { Song, Capital } & & 81,000 \\\hline \text { Song, Withdrawals } & 81,000 & \\\hline \text { Sales Revenue } & 6,000 & \\\hline \text { Cost of Goods Sold } & 21,000 & \\\hline \text { Salaries Expense } & 18,000 & \\\hline \text { Utilities Expense } & 4,000 & \\\hline \text { Rent Expense } & \$ 271,000 & \$ 271,000 \\\hline\end{array}$$ How much is the gross profit?

• A) $79,000
• B) $160,000
• C) $77,000
• D) $30,000

---

Definitions:

Arousal Stimulation

Refers to activities or stimuli that increase physiological and psychological activity or alertness.

Temperamental Style

An individual's natural disposition or innate behavior tendencies that are evident from early life.

Effortful Control

The ability to regulate one's behavior, emotions, and thoughts in the face of temptations and impulses, essentially exercising self-control.

Stranger Wariness

A developmental phase in which infants and young children become cautious and often fearful of unfamiliar people.